Marx without the Labor Theory of Value

Geoffrey Hodgson ()

Review of Radical Political Economics, 1982, vol. 14, issue 2, 59-65

Abstract: An examination of the first few chapters of Capital I with a question in mind: what remains of Marx after the labor theory of value is removed? It is found that there exists a complex structure of concepts, not given sufficient attention in recent literature, which can illuminate the labor process and provide the basis for a notion of exploitation without the labor theory of value. The purpose is not to provide another critique of the labor theory, but to suggest a "reading" of Marx in the above terms.

Date: 1982
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